Leading finance teams are working to strengthen their role as business partners who support decision making and contribute value while fulfilling their traditional role in financial control. With increasing internal and external demands, more diverse skill requirements and more complex organizational structures, finance executives now find that recruiting, managing and retaining talent is one of their most important objectives – and one of the most difficult to achieve.
In this environment, senior finance executives need to take ownership of the talent agenda. They need to consider the implications of business changes on their staff. They need to ensure that resources are in place to meet business needs, now and in the future. And they must respect the divergent needs of their people, for example, as transaction-oriented service providers or strategic business partners.
Above all, finance executives need to create an organization-wide HR strategy that for attracting and retaining appropriately skilled finance talent at all levels.
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The finance organization of the future, and indeed of today, must go beyond its business-as-usual.